Rhode Island Real Estate - The Cozy State
Rhode Island is the smallest state in the union. While Rhode
Island real estate prices aren't the smallest, the appreciation
rate is healthy.
Rhode Island
Located between Connecticut and Massachusetts on the Atlantic
Ocean, Rhode Island is a cozy state dominated by water. While a
good part of the state is coastline on the Atlantic, the ocean
also penetrates into the state in areas such as Narragansett
Bay. A beautiful state, Rhode Island has historically been the
playground of the affluent and remains so today. Towns such as
Newport are populated with over the top mansions that seem to be
more a statement of celebrity than wealth. With the turning of
the leaves, all of Rhode Island is a beautiful place to be in
the fall.
Providence
The state capital of Rhode Island, Providence is a surprisingly
large city with a definite New England atmosphere. Built over
rolling hills and the meeting of two rivers, walking through the
city feels like visiting the early years of our nation. With
colonial residences throughout the city, Providence carries a
certain traditional atmosphere that is only really broken up by
Brown University, an Ivy League university. If you've enjoyed
older cities in England, you might find Providence very
appealing.
Newport
Newport has historically been the hot spot for the rich on the
east coast. The town is littered with over the top mansions and
manors that simply have to be seen to be believed. Fortunately,
a number of them are open to the public for viewing so you can
get a real feel for how the rich played in the past. You'll be
able to stroll through such homes as "The Breakers", Cliff Walk
and the 70 room Vanderbilt home. Each of the homes are designed
to make a major impression on you and they will. For daily
living, Newport is a pleasant location, but you'll need a hefty
bank account to make it work.
Rhode Island Real Estate
Rhode Island real estate is not exactly the cheapest on the
Atlantic seaboard. Prices in Newport can be obscene while
Providence homes run in the range of $300,000 to $600,000. In
truth, suggesting prices in Rhode Island is a fools game as each
location is unique. I can say, however, that real estate
appreciates throughout the state with the 2005 average being a
health 16.5 percent.